Apartment Report

Year Ended 2011-12-31

200 East 36 St
#8B
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,803
Receivables (Note 3) 2,740
Prepaid expenses (Note 4) 420
Total Current Assets 4,963
Reserve fund (Notes 2 and 5) 5,563
Property and Improvements: (Notes 2 and 6)
Land 21,923
Building 87,692
Building improvements and equipment 20,842
Total 130,457
Less: accumulated depreciation 77,057
Net Property and Improvements 53,400
Other Assets:
Cash - security deposits 663
Unamortized mortgage finance costs (Note 2) 576
Deferred ieasing commissions (Note 2) 184
Total Other Assets 1,423
Total Assets 65,350
Liabilities
Current Liabilities:
Accounts payable 631
Real estate tax abatements 768
Accrued mortgage interest 235
Building improvements payable 165
Advance maintenance 69
Total Current Liabilities 1,868
Long-Term Liabilities:
Mortgage payable (Note 7) 48,027
Security deposits payable 574
Total Long-Term Liabilities 48,602
Total Liabilities 50,470
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 350
Additional paid-in capital 73,158
Accumulated deficit (58,628)
Total Stackholders' Equity 14,880
Total Liabilities and Stockholders' Equity 65,350

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,301
Commercial and professional 3,274
Operating assessment 1,440
Electricity charges rebilled 775
Other sharehalder fees 295
Laundry income 44
Total Revenues 20,129
Cost of Operations
Administrative expenses Schedule 1 880
Operating expenses Schedule 2 7,866
Repairs and maintenance Schedule 3 918
Real estate tax 8,209
Interest expense 2,766
Corporation taxes 106
Total Cost of Operations 20,744
Loss from operations before other items and depreciation and amortization (615)
Interest income 70
Transfer fees (Note 2) 556
Income Before Depreciation and Amortization 11
Depreciation and amortization (3,381)
Net Loss For The Year (3,370)